Capitolis Announces Record in FX Options; NatWest Joins

Capitolis Achieves Record Volume in FX Options Novations in Second Quarter 2020; NatWest Joins Community on Growing Platform Since its inception, the Capitolis FX Options Novations platform has eliminated positions of more than $2.5 trillion in notional. Capitolis, an SaaS platform that drives financial resource optimisation for capital markets, today announces that Capitolis Novations, its […]
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Digital Transformation Should Be Industry, Not Firm, Wide: R3

Enterprise software firm R3 has called for a new, broader approach to digital transformation, which targets entire industries, rather than individual companies. Citing a Broadridge Next-Gen Technology Pulse Survey which found that 97% of companies have benefited from technologies that enable digital interaction and that 99% of companies are now changing their technology strategy and […]
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And Another Thing…

Well Monday’s column put the cat amongst the pigeons – as writing about SNB-Day and re-papering trades always does. I am indebted as always, to those of you who shared and re-lived your experiences, the only pity was we were not in the usual location for the swapping of war stories! The exception, it is […]
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BoA Survey: Investors Increase Equity Holdings

Global investors polled in August were confident enough about global growth to increase their equity holdings and pare back their bond underweight, according to the findings of the BofA Global Research’s monthly fund manager survey, released Tuesday. This month, a net 79% of fund managers looked for global growth to strengthen in the coming year, […]
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US Housing Starts Suggest Supply Surge

The US July home building data, released Tuesday, were much stronger than expected and show that the record low mortgage rates are encouraging an increase in supply to meet the demand for new homes. The pace of housing starts rose by 22.6% to a 1.496 million annual rate, well above the 1.240 million pace expected, […]
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And Finally…

Reading the judgement on the latest leg of the legal action brought by CFH Clearing against Merrill Lynch over SNB-day activities five and half years ago, I find myself thinking that neither party comes out of the affair particularly well. On one hand we have a customer executing without due care and attention; on the […]
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Data Preview: Reduced Northeast Cases Lift Factory Data

After a busy week, the upcoming data schedule is a bit lighter. After being hit hard by COVID early in the spring, the Northeast region has seen a sharp improvement that will translate into further strengthening in manufacturing conditions for August. The New York Fed’s Empire State reading, to be released on Monday, is expected […]
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US July Retail Sales Weaker than Expected, Up 1.2%

Retail sales rose further in July, but the rate of growth slowed dramatically after pent-up demand led to much larger gains in May and June. The resurgence of COVID-19 cases could be a negative in next month’s data. Total retail sales rose by only 1.2%, well below the 2.0% gain expected, with increases seen in […]
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Middle East Breakthrough: Virus Relief Stalemate

The following is Thursday’s status check of developments in the US that can influence economic, health and political outcomes from Mace News: An authentic though preliminary breakthrough; a third Arab country normalising relations with Israel. With the UAE’s agreement, Israel suspends its claims of sovereignty over the West Bank claimed by Palestinians for a future […]
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US Initial Claims Dip: Future Still Under Debate

As the US Congress and the White House continue to spar – or currently refuse to spar –  on the future of the enhanced jobless claims program, initial claims fell by 228,000 in the August 8 week to a level of 963,000. That level was well below expectations and the first reading below one million […]
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